ARC Mid-Day Commentary; Another Day of Risk Off Ahead of FED Rate Announcement; Central US Ridge Looks to Hold for Next 2 Weeks – Likely Longer

Tuesday Turnaround/US Weather Forecast Debate into the Long Holiday Weekend. CBOT futures are mixed with wheat values sagging on the expanding US harvest and seasonal considerations while corn/soybeans hold on the prospect of heat/dryness impacting an expanding area of the Central US into July. The volume of CBOT trade has slowed from recent day activity…

AgResource Mid-Day Commentary: WASDE Leans Bearish Grain, Bullish Soy; Report Largely Ignored; US Forecast Stays Dry

AgResource Farm Marketing Advice for Friday: 1/ No new advice. On paper, the USDA’s June WASDE leans slightly bearish grain and neutral oilseed markets. US & global corn stocks were increased slightly amid lower projected US exports – which makes little sense – and as NASS boosted its US national winter wheat yield estimate 0.3…

AgResource Mid-Day Commentary; CBOT Mixed As Traders Await Coming Central US Heat/Dryness during Lash Half of June

CBOT ag markets are mixed at midday with corn/soybean futures higher while the wheat market sags awaiting a more defined technical position ahead of the USDA June report on Friday. The market does not want to believe that Russia will not allow a Ukraine grain export corridor. The headlines indicate that Russia/ Turkey have worked…